Archive - Feb 4, 2009
Bill Expands Federal Electric Car Tax Credit
SANTA ROSA, CA (Feb 4, 2009) -- US electric vehicle developers like ZAP (OTC BB:ZAAP.OB) of Santa Rosa, California, are asking Americans to join in supporting a new bill that would give more tax credits to more kinds of electric vehicles.
The new legislation, S271, would increase the number of plug-in vehicles able to receive the tax credits from 250,000 to 500,000. The tax credits would expand beyond conventional four-wheel automobiles to include three-wheel and two-wheel vehicles, as well as low-speed neighborhood electric cars. Electric vehicles like ZAP's Alias and others would receive a tax credit equal to a percentage of the purchase price up to $4,000.